FxWirePro: USD/TRY hits fresh weekly high at 3.0268, intraday bias remains bullish
USD/TRY is currently trading at 3.0259 levels. It made intraday high at 3.0268 and low at 3.0095 levels. Intraday bias remains bullish till the time pair holds key support at 3.0085 marks. A sustained close below 3.0085 …
It made intraday high at 3.0268 and low at 3.0095 levels.
Intraday bias remains bullish till the time pair holds key support at 3.0085 marks.
A sustained close below 3.0085 mark will drag the parity down towards key supports around 2.9725, 2.9667, 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
On the other side, key resistance levels are seen at 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
We prefer to take long position in USD/TRY around 3.02, stop loss 3.0085 and target 3.0479.
